Former Morgan Stanley Broker Henry Chia Accused of Selling Away
Posted on Monday, July 19th, 2021 at 7:07 pm
Erez Law is currently investigating former Morgan Stanley broker Henry Chia (CRD# 4049732) regarding selling away. Chia has been registered with Laidlaw & Company (Uk) Ltd. in Pasadena, California since March 2021. Previously, Chia was registered with Morgan Stanley in Pasadena, California from 2015 to 2021, when he was terminated regarding, “Allegations about whether the representative was involved in soliciting outside investments and/or in outside activities.”
Chia has been the subject of four customer complaints between 2008 and 2021, one of which was denied, according to his CRD report. The most recent complaints are regarding:
January 2021. “Plaintiff alleges, inter alia, selling away with respect to outside investments – April 2018 – January 2021.” The case is currently pending. The complaint was regarding direct investments and took place while Chia was registered with Morgan Stanley.
October 2020. “Plaintiff alleges selling away with respect to certain investments – Jan 2018 – Oct 2020.” The case is currently pending. The complaint was regarding direct investments and took place while Chia was registered with Morgan Stanley.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Morgan Stanley may be liable for investment or other losses suffered by Chia’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.